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A lot of these funds are either illegally sourced or at risk of government seizure. Crypto provides an avenue to possibly "save" these funds. Watch as middle e
by ithinkinstereo 9y ago
A lot of these funds are either illegally sourced or at risk of government seizure. Crypto provides an avenue to possibly "save" these funds.
Watch as middle easterners soon flock to crypto. What's going on in KSA is a great advertisement for crypto to the 1% that live there.
- charlesdm 9y agoTo be fair: if you are being locked up, having your money in crypto isn't going to do you much good. Apparently Swiss banks have been working overtime to repatriate Saudi funds that have been held there for over 50+ years.
- ithinkinstereo 9y agoDoes you no good, yes. But to your family? Friends? Conspirators? More importantly if you store ur illicit gains in Crypto, it becomes that much harder for the govt to seize. No Swiss banks here to help the govt seize your wallet and private keys.